What is a contract?, Business Law and Ethics

QUESTION

The Web has made it extremely attractive to conduct commercial activities online. Companies such as Amazon.com and eBay are e-commerce powerhouses that sell all sorts of goods and services. The Web is now used as a medium to negotiate and agree on contract terms and to send and agree to a final contract.

(i) What is a contract?

(ii) Elaborate on the conditions required for the formation of a valid contract?

(iii) What do you understand by the term "electronic signature"?

(iv) Describe the various ways a contract can be terminated

Posted Date: 11/29/2013 12:53:06 AM | Location : United States







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